GSP Resource Corp. announced a non-brokered private placement of up to 1,000,000 units at a price of CAD 0.08 per unit for gross proceeds of up to CAD 80,000 on December 15, 2022. Each unit consists of one flow-through common share and one transferable common share purchase warrant.

Each warrant entitles the holder to purchase one common share of the company at a price of CAD 0.15 per share for a period of one year following the date of issuance. The company may pay finders' fees in cash or securities, or a combination of both, as permitted by the policies of the TSX Venture Exchange and applicable securities laws. All securities issued pursuant to the transaction will be subject to a four-month hold period.

The transaction is subject to approval by the exchange.